Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Israel
Annual, Seasonally Adjusted
LRUN24TTILA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.64
Year-over-Year Change
-61.61%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the unemployment rate for the civilian labor force in the United States on an annual, seasonally adjusted basis. It is a key indicator of the overall health and performance of the U.S. economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The annual, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. This metric is widely used by economists, policymakers, and analysts to assess economic conditions and guide policy decisions.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other institutions when evaluating the need for monetary policy adjustments.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded annual, seasonally adjusted unemployment rate was 3.5% in 2019.
- Unemployment is a lagging economic indicator, often rising after the onset of a recession.
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force in the United States that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial macroeconomic indicator used by economists, policymakers, and market analysts to assess the overall health and performance of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for the Federal Reserve and other institutions when evaluating the need for monetary policy adjustments to promote full employment and price stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a brief delay, and may be subject to revisions as additional information becomes available.
Related Trends
Gross Portfolio Debt Liabilities to GDP for Israel
DDDM10ILA156NWDB
Net migration for Israel
SMPOPNETMISR
Number of Identified Exporters to Israel from Iowa
IAISRA475SCEN
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Israel
LFUNTTMAILA647N
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Israel
ISRCP030000IXNBQ
Amount Outstanding of Total Debt Securities in Financial Corporations Sector, All Maturities, Residence of Issuer in Israel
TDSAMRIAOFCIL
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN24TTILA156S), retrieved from FRED.